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How do you tell a qualifying loan, i.e. how do you tell it qualifies for tax relief?
Not sure exactly how much you need to know for F6 syllabus but loan to buy plant and machinery for employment or partnership use would be one of main types as would a loan to invest in partnership of which. Person concerned would be an active partner-more than a limited partner.As I wrote previously,I am not sure how much knowledge is required of other qualifying loans but with more obscure situations question may indicate whether it is qualifying or not.
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